iPhone 5 supply improved

Investor's Business Daily

Canaccord Genuity raised its Q4 sales estimate to 47.5 mil units from 45 mil as Apple (AAPL) has "dramatically improved supply" of its latest smartphone. "Our November channel checks indicated very strong sales of the iPhone 5 at AT&T (NYSE:T), Verizon (VZ) and Sprint (NYSE:S), and also in international markets, with dramatically improved supply. The firm has a buy rating on Apple. Shares rose 0.2% to 586.19.

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